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今年不是赚钱的年头,而是求生存的年头,先活下来再说。企业应该把债务水平降下来,在经济下行的时候,负债过高对国家经济是个风险,对企业也是风险。高负债的问题主要不在财务费用,而是现金流管理。大家对美联储很可能的加息也没必要太担忧,加息影响资本市场和资产价格,对实体经济基本没影响。我们应该关注的是国内经济的基本面。过去国家经济增长、企业的发展很大程度上靠银行贷款、股市融资,或者自身的积累来投资
This year is not a year of making money, but a year of survival, let’s say it first. Enterprises should bring down the debt level. When the economy goes down, over-indebtedness is a risk to the national economy and a risk to the enterprise. The problem of high debt is not primarily financial costs, but rather cash flow management. It is not necessary to worry too much about the possible rate hike by the Federal Reserve. Interest rate hikes affect capital markets and asset prices, which have basically no effect on the real economy. We should pay attention to the fundamentals of the domestic economy. In the past, the country’s economic growth and the development of its enterprises largely depend on bank loans, stock market financing or their own accumulation